A word of caution, though, from calling tens of cities and counties here in Colorado, even the supposed experts don't always know what their own short-term rental rules are.

This house is also located in the ideal location to be a weekend/short-term rental.

We also try to identify hot prospects in areas subject to waitlists for those that intend to personally utilize the property for vacation usages or rent mid term (30+ days) until a permit can be secured.

Basically, if you are lending on someone primary residence is when things get sticky with disclosure laws, timelines, terms, etc. 

It's our first time setting up a medium term rental and bought a house with 6 bedrooms that the previous owner had been renting out as an MTR for travelling nurses (by the bedroom).

I would use current interest rates and terms for your refinancing calculations in case rates do not decrease.

There is conflicting scientific evidence of what constitutes a level of mold that could lead to adverse health effects.

Now it's stable, and time to take out the hard money with long term institutional debt.

But these are the people that will buy houses or be long time renters. 

We negotiated favorable terms with the seller, ensuring a beneficial agreement.